Bursa Malaysia to trend higher this week on cheaper valuation of the local bourse

KUALA LUMPUR (Bernama): Bursa Malaysia is expected to trend higher this week, with a cheaper valuation of the local bourse after profit-taking activities during the last two trading days this week may attract more foreign investors into the market.

Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said sentiment on the domestic front, however, may be cautious in view of increasing market risks and volatility on the global markets.